Public Sector Banks Lose More Than Rs 50,000 Crore In Q4

Gold Silver Reports (GSR) – The result has been that most public sector banks have reported large losses for the quarter ended March 2018. For the 17 listed PSU banks which have reported earnings till Friday, the total net loss stood at Rs 53,000 crore compared with a net loss of Rs 4,302 crore in the same quarter last year. Most banks took some reprieve through tax write-backs which helped reduces losses to some extent.                 

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Trump Metals Tariffs Make Granite City Great Again, But at what Cost?

Base Metal Prices Today

Gold Silver Reports (GSR) – Trump Metals Tariffs Make Granite City Great Again, But at what Cost? — After Donald Trump was elected president in 2016 on a pledge to “Make America Great Again” and revive the country’s old industrial heartland, Dave Chrusciel hoped someday to return to his previous job at the steel mill here in this southern corner of Illinois. That day has arrived. Chrusciel, 61, is one of around 500 workers United States Steel Corp (X.N) is re-hiring or recruiting as it readies for production in mid-June at a blast furnace it idled in 2015.

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